Examples of Assigned Monies in a sentence
If the Shares or any of them are registered in the name of the Agent or its nominee, the Agent shall have complete discretion to retain the Dividends and Assigned Monies received by the Agent and to exercise or abstain from exercising all voting and other rights and powers attaching to the Shares as the Agent in its absolute discretion thinks fit without being liable for any losses which the Borrower may suffer as a result thereof.
We authorise and instruct you to pay all sums which become due in respect of the Assigned Monies to account no.
Dividends, Assigned Monies and Voting Rights...........................7 10.
Neither the Agent nor the Lenders shall not be under any obligation to make any enquiry as to the nature or sufficiency of any payment received by any of them in respect of the Assigned Monies or to make any claim or take any other action to collect any Assigned Monies or to enforce any rights or benefits hereby assigned.
In either case, the Joint Account shall be charged or credited at the rate that would have governed had the Material been a direct purchase.
In consideration as aforesaid, the Borrower with full title guarantee assigns to the Agent absolutely all the Borrower's right, title, interest and benefit in and to the Assigned Monies as a continuing security for the due and punctual payment of the Secured Indebtedness and the due and punctual performance and observance by the Borrower of all other obligations of the Borrower contained in the Loan Agreement or any Security Document to which it is a party.
The Borrower shall not have any claim against the Agent or its nominee or any Lender in respect of any loss arising out of any such sale or any postponement thereof howsoever caused and whether or not a better price could or might have been obtained upon the sale of the Shares or the Assigned Monies or any of them by deferring or advancing the date of such sale or otherwise howsoever.
Notwithstanding the assignment herein contained, the Borrower shall remain liable to observe and perform all the obligations assumed by it in relation to the Assigned Monies.
The Agent may exercise all the rights and powers provided for in Clause 8.2 in relation to a sale of the Shares in connection with the sale, disposition or realisation of the Assigned Monies.